For Immediate Release
Vice President, Marketing
Insurance Auto Auctions Opens Louisville Facility
IAA’s Strategic Growth and Expansion Continues Throughout North America
Westchester, Ill. — Insurance Auto Auctions, Inc., the leading hybrid model salvage auto auction company and a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the opening of its facility in Shepherdsville, Ky., located south of downtown Louisville. The convenient location is near Interstate 65 and marks the fourth IAA location in Kentucky.
“As part of Insurance Auto Auctions’ core business growth strategy, we continue to expand at a steady pace with investments in locations throughout North America by adding Louisville to our more than 155 facilities,” said Tom O’Brien, chief executive officer at IAA. “Our disciplined approach to investing in facilities enables us to provide more strategic locations for our customers. As a result, our customers realize even greater benefits in reduced transportation costs and more choices and variety than ever before.” O’Brien stated.
IAA’s mature global buyer base, which consists of automotive body shops, rebuilders, used car dealers, automotive wholesalers, exporters, dismantlers, recyclers, brokers and, where allowed, non-licensed (public) buyers, now have even more choices when it comes to the number of salvage vehicles to bid on and buy.
The IAA-Louisville branch is located in Shepherdsville at 1825 South Preston Highway. Preview and auction times vary for each facility. For more information, go to IAA’s Branch Information page at www.iaai.com.
About Insurance Auto Auctions, Inc.
Insurance Auto Auctions, Inc. (IAAI), a wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), provides the advantage in salvage auto auctions with its Hybrid Auction Model combining live and live-online auctions, North America’s broadest salvage auction facility footprint, a strong global buyer base and high vehicle returns. IAA’s more than 155 facilities across the United States and Canada provide vehicle suppliers and buyers with powerful solutions to process and acquire total-loss, recovered-theft, fleet lease, donation and rental vehicles. The IAA Hybrid Auction Model, including live, live-online, and proxy bidding, united with its mature global buyer base and diverse inventory, produce some of the industry’s highest returns for vehicle providers. With 28 years in the industry, IAA holds a comprehensive warehouse of salvage auction data. For more information regarding IAA visit our website at www.iaai.com.